 Toyota Industries Corp forecasts profit for FY2010. |
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TICO forecasts profit for FY2010
Tokyo, Japan
Toyota Industries Corp (TICO) has revised its financial forecast for fiscal year 2010.
The forecast for TICO’s net consolidated sales has increased 6.9% from JPY1,300 billion (USD14.4 billion) to JPY1,390 billion (USD15.4 billion).
Previously, TICO predicted a net consolidated loss of JPY10 billion (USD110.9 million) for FY2010, but the new forecast predicts a net consolidated profit of JPY4.5 billion (USD49.9 million).
TICO cites a review of projected unit sales of its automobile segment, cost reduction activities and a review of non-operating income and expenses as reasons for the revision.
Watts Tyres sold
Lydney, United Kingdom
Watts of Lydney Group has sold Watts Tyres to Premia Group Ltd to focus on strengthening its truck and van sales, service and parts business and its UK manufacturing companies.
Premia Group Ltd is a company controlled by former senior management of Watts Tyres. The latter will continue to be headquartered in Lydney under the new ownership and no job losses are expected.
Read Forkliftaction.com News next week to find out more.
Transport and Logistics in Antwerp
Antwerp, Belgium
About 300 exhibitors participated in the Transport and Logistics show held at Antwerp Expo on 20-22 October.
The show featured a "Cold Logistics Zone" dedicated to cold transport and warehousing, and a "French Pavilion" that recognises the importance of the new industrial areas and business parks between Flanders and Northern France. Free seminars and workshops were held jointly with industry federations throughout the show.
Attendee Johan Bogaerts, managing director of Havelange, says the show is "a must for a region that lives from the distribution of goods".
"The participants and visitors were among the professional trend-setters in future state-of-the-art distribution networks," he says.
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